Exclusive Investment Offering: Condominium Interest - Transwestern
Exclusive Investment Offering: Condominium Interest - Transwestern
Exclusive Investment Offering: Condominium Interest - Transwestern
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The City of Falls Church by the Districts<br />
The City of Falls Church<br />
L<br />
ocated within the Capital Beltway, the City of Falls<br />
Church is building on its history, creativity, and<br />
“hometown” feel to expand its existing base of<br />
outstanding retail establishments. We seek an exciting mix<br />
of retailers who need a loyal audience — the residents and<br />
workers of Falls Church.<br />
The City of Falls Church has a strong day and<br />
evening population that is well-educated, wellcompensated,<br />
and committed to the community. They are<br />
underserved in grocery, goods and services, dining choices,<br />
and home goods retail, to name only a few.<br />
We are excited to fill these needs with new developments<br />
that will appeal to the retailer and the customer alike. Within<br />
the next three years, approximately 65,000 square feet of new<br />
retail space will be built in the City.<br />
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City of Falls Church Retail Study<br />
In 2005, the City retained Retail Compass, LLC to evaluate our place in the local markets and to provide a realistic<br />
perspective for our retail goals. They concluded:<br />
• The demand for retail within City borders exceeds what is currently under construction or planned by<br />
almost 90,000 square feet.<br />
• The City of Falls Church is vastly underserved in the Food and Beverages retail category.<br />
• In the next three years, over 500 new residential units and almost 120,000 square feet of new office<br />
space will further contribute to the growing retail demand.<br />
What You Can Expect:<br />
• The City’s willingness, interest, and drive to create new retail<br />
hubs will encourage retailers to reevaluate Falls Church.<br />
• New development under construction will offer retailers<br />
brand-new, retail-appropriate space. (However, if you are<br />
looking for funky, one-of-a-kind space, we have that, too.)<br />
• Our residents seek local options for their spending. They<br />
are no longer willing to regard Tysons Corner, Arlington,<br />
and Alexandria as their only shopping alternatives.<br />
• The City of Falls Church customer base has a long-standing<br />
tradition of supporting local retailers in the community…<br />
because they are OURS.<br />
1. West End<br />
The Western gateway to The City of Falls Church offers strong retail presence with the Giant-anchored Falls<br />
Plaza and West End Plaza.<br />
2. Broad-Penn<br />
An emerging retail district, three new developments give Broad-Penn identity. The Byron, The Broadway, and<br />
The Spectrum provide a solid base of new retail opportunities for this central section of Broad Street.<br />
3. City Center<br />
At the northwest corner of the busy intersection of Broad and South Washington, this area is preparing for<br />
redevelopment. It is the targeted site for the community-oriented retail, residential and commercial hub of the City<br />
of Falls Church.<br />
4. South Washington Street<br />
The high-volume of street traffic along this corridor creates significant retail opportunities that will be further<br />
enhanced by the introduction of the Pearson Square development, as well as numerous infill projects.<br />
Contact Information<br />
City of Falls Church, Economic Development Office (703) 248-5491<br />
Richard Goff, Director (rickgoff@fallschurchva.gov)<br />
Becky Witsman, Business Development Manager (bwitsman@fallschurchva.gov)<br />
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